Auto Component Manufacturers Association of India (ACMA) CEOs’ delegation to China
March 10, 2014: Auto Component Manufacturers Association of India (ACMA), the apex body representing the interest of Indian Auto Component Industry is organising a ten-member CEOs’ delegation to China from March 10th to 13th, 2014. The delegation supported by the Embassy of India, CCPIT and CII-Shanghai will visit Shanghai and Chongqing.
Led by Mr. Harish Lakshman, President ACMA, and comprising CEOs of leading Auto Component Manufacturers, the delegation would explore opportunities to engage with Chinese automotive industry.
During the four days, the delegations will interact with Global and Chinese OEMs, Chinese component manufacturers, government officials and local industry bodies to update them on the growing capabilities of the Indian Auto component Industry as well as further business engagements between the two countries. ACMA delegates will meet CEOs and Purchasing Heads of leading OEMs, 2 wheelers and passenger vehicles, such as Ford, GM, Volkswagen and Lifan Motorcycles, and component manufactures including Faurecia, Corning, TRW, Sokon and others.
Commenting on the objectives of the delegation, Harish Lakshman, President ACMA said, ”ACMA has undertaken several such business development initiatives for the Indian Auto Components industry in China; the success of which has been a mixed bag. However, with the Chinese automotive market being the largest and the fastest growing in the world and with rising trade deficit between India and China, the Indian Auto Component Industry, with its growing capabilities, is keen to explore prospects of exports to China. In 2012-13 China exported Auto Components worth USD 2.4 billion to India while Indian exported USD 203 million to China.”